Insurance Company

Now that you have identified and documented all the roof damage that needs to be repaired you may begin working with your insurance company on your insurance coverage. First of all, you need to schedule a visit by an insurance adjuster once your roofing contractor confirms the damage. Moreover, your contractor may wish to meet you and the adjuster at the time they visit your property. It is very important that they are present to point out areas of damage and concern to the adjuster.

A deductible is the amount of money included in an insurance contract that you are responsible for paying when seeking insurance coverage and before the insurance company will start processing your claim. It is the way in which risk is shared between you, the policyholder, and your insurer. In this case, you kind of reimburse yourself for your loss. The amount of money you paid is subtracted, or deducted, from your claim. Moreover, the larger the deductible, the lower the premium for an insurance policy.

Deductible - is an amount of money, specified in an insurance policy, that the insured must pay before the insurance company will pay the claim. Deductibles are sometimes called “self insured retention “ because it is the part of the claim that the insured will pay. Deductibles serve to keep the number of small claims filed to a minimum. Additionally, insured can choose a higher deductible to receive a lower premium.